Royal London Asset Management Ltd. raised its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 102.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,625 shares of the semiconductor company’s stock after buying an additional 93,502 shares during the quarter. Royal London Asset Management Ltd. owned about 0.12% of KLA-Tencor worth $16,363,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in KLAC. Kempner Capital Management Inc. acquired a new position in KLA-Tencor in the fourth quarter valued at about $3,488,000. Fox Run Management L.L.C. acquired a new stake in shares of KLA-Tencor during the third quarter worth about $246,000. Pensionfund Sabic acquired a new stake in shares of KLA-Tencor during the fourth quarter worth about $1,486,000. Federated Investors Inc. PA lifted its position in shares of KLA-Tencor by 40.4% during the third quarter. Federated Investors Inc. PA now owns 240,617 shares of the semiconductor company’s stock worth $24,473,000 after purchasing an additional 69,239 shares in the last quarter. Finally, Norway Savings Bank lifted its position in shares of KLA-Tencor by 10.9% during the fourth quarter. Norway Savings Bank now owns 3,040 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 300 shares in the last quarter. 94.43% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Teri A. Little sold 2,525 shares of the stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $95.00, for a total transaction of $239,875.00. Following the completion of the sale, the executive vice president now directly owns 7,127 shares of the company’s stock, valued at $677,065. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian M. Trafas sold 1,114 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $107.00, for a total value of $119,198.00. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.
KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.24. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. During the same period last year, the firm posted $1.97 earnings per share. Analysts anticipate that KLA-Tencor Corp will post 8.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.78%. KLA-Tencor’s dividend payout ratio (DPR) is presently 37.50%.
Several analysts have recently issued reports on the stock. Cowen reissued an “outperform” rating and set a $120.00 price target on shares of KLA-Tencor in a research report on Wednesday, January 30th. Zacks Investment Research reissued a “sell” rating on shares of KLA-Tencor in a research report on Tuesday, November 13th. ValuEngine raised shares of KLA-Tencor from a “sell” rating to a “hold” rating in a report on Friday, January 25th. KeyCorp reduced their target price on shares of KLA-Tencor from $152.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, October 30th. Finally, Deutsche Bank reduced their target price on shares of KLA-Tencor from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Tuesday, October 30th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $127.83.
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KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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